Oil climbs on supply concerns

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 71

The National Administration of Fuels, Alcohol and Portland (Ancap) is set to agree final terms for a record seven offshore exploration licenses next month, in proposals that have attracted the attention of global players such as Shelland they have planned investments

Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of energy demand in major economies. Brent futures rose $1.42 or 1.6%, to settle at

Oil prices edged higher on Thursday, after industry data showed U.S. crude oil inventories were expected to have fallen last week, signaling tightening supplies on top of extended production cuts in Saudi Arabia and Russia. U.S. crude oil

Challenger Energy Group PLC on Wednesday said it secured a £3.3 million funding facility, initially drawing down £550,000. This was alongside announcing an extension of completing the sale of an asset in Suriname and its chief executive planning

Despite a second consecutive week of decline, oil prices rose slightly on Friday, with Brent crude up 0.4% at $83.66 a barrel and U.S. West Texas Intermediate crude up 0.4% at $79.36 a barrel. The strengthening of the

A compilation of the latest offshore exploration and production updates and projects from around the world SOUTH AMERICA Uruguay’s ANCAP agency has awarded the country’s final unassigned offshore block to UK-based Challenger Energy Group. AREA OFF-3 covers a

Oil prices were poised early on Monday to end July trading with the biggest monthly gain since January 2022, buoyed by tightening supply, expectations of a record demand, slower inflation in the U.S., and a still resilient American

Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges by Chinese authorities to shore up the world’s second-biggest economy lifted sentiment, while weaker Western economic data weighed. Brent futures were

Challenger Energy Group, formerly The Bahamas Petroleum Company (BPC) is continuing its push to renew its oil exploration licenses and says that it is engaging with the government and various third-party consultants on monetizing its assets in the

Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has been awarded the last remaining available shallow water exploration block located off Uruguay. Other offshore exploration licences are held by energy

Independent oil junior Challenger Energy has been awarded another exploration licence offshore Uruguay, where the developer has been expanding its interest in search for undiscovered resources in the Latin American frontier. Headed by chief executive Eytan Uliel, Challenger

Oil prices climbed about 3% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent

Challenger Energy has announced that its wholly owned subsidiary CEG Goudron Trinidad Ltd is set to begin negotiations with the Ministry of Energy and Energy Industries over the grant of an exploration and production licence for the Guayaguayare